Buy Hedera: A Comprehensive Guide on How to Buy HBAR – Best Exchanges & Brokers

Hedera, a leading blockchain platform, has experienced remarkable growth since its inception. Known for its high-performance capabilities and sustainability, Hedera attracts a diverse range of investors. We’ll guide you through easy, quick, and secure methods to buy and store Hedera (HBAR). To keep things simple, we believe that Coinbase is the best choice for purchasing Hedera. Why Coinbase?

The following table explains why Coinbase is the best choice for buying Hedera.

Buy Hedera on Coinbase

Hedera (HBAR), a cutting-edge blockchain platform, has grown significantly since its launch. With its emphasis on scalability, security, and sustainability, Hedera attracts a wide array of investors. We’ll guide you through simple, fast, and secure methods to buy and store Hedera (HBAR). For convenience and reliability, we recommend Coinbase as the best platform for buying Hedera. Why Coinbase?

Coinbase is a regulated crypto custodian with licenses globally, ensuring it meets stringent security standards and is monitored by financial authorities. In fact, even BlackRock, the world’s largest asset manager, trusts Coinbase to handle the custody of Bitcoin for its Bitcoin ETFs, underscoring the platform’s high level of security.

Although you have the option to use external wallets, Coinbase provides a highly secure environment for storing your Hedera (HBAR). Unlike some platforms that delay withdrawals, Coinbase processes them immediately, giving you quick access to your funds.

Cost-effectiveness is another strong point. Coinbase’s fees are notably competitive at 0.15%, far lower than the industry average. For comparison, Bison, an exchange associated with the German stock exchange, charges a hefty 1.5% for cryptocurrency transactions.

Coinbase prioritizes your security with features such as two-factor authentication, adding an additional layer of protection to your account. Their customer support is efficient, typically responding within 24 hours. (We’ve personally experienced their support team’s helpfulness.)

The platform is designed for ease of use. Its intuitive interface makes it suitable for both beginners and experienced traders. Plus, with dedicated apps for Android and iOS devices, you can manage your Hedera portfolio and make transactions from anywhere with ease.

Coinbase is one of the most popular and user-friendly platforms to buy Hedera (HBAR). Here’s how you can buy Hedera easily, securely, and quickly on Coinbase:

Step 1: Sign Up for Coinbase

To get started, create an account on Coinbase. Visit Coinbase.com and click “Get Started.” You’ll need to enter your name, email, and password. After completing this, click “Create Account.”

Step 2: Verify Your Identity

For regulatory purposes, Coinbase will ask you to verify your identity. Upload a government-issued ID and provide some personal details, including your address and date of birth. This process usually takes just a few minutes.

Step 3: Add a Payment Method

To buy Hedera, you need to link a payment method. Coinbase offers several options:

• Bank Account: Link your bank account for lower fees and higher transaction limits.
• Credit or Debit Card: Perfect for quicker purchases, though fees tend to be higher than bank transfers.
• PayPal: Coinbase also accepts PayPal for deposits and withdrawals in select countries.

Step 4: Buy Hedera (HBAR)

Once your account is set up and your payment method is linked, you’re ready to buy Hedera!

1. Navigate to the “Buy/Sell” section on your Coinbase dashboard.
2. Select Hedera (HBAR) from the list of available cryptocurrencies.
3. Enter the amount of Hedera you wish to buy, either in your local currency (e.g., USD, EUR) or HBAR.
4. Choose your payment method (e.g., bank account, credit card).
5. Review the transaction details, including any fees, and click “Buy Now” to complete your purchase.

Step 5: Store Your Hedera Securely

Once you’ve bought Hedera, it will be stored in your Coinbase wallet. For enhanced security, it’s recommended that you transfer your Hedera to a personal wallet (such as a hardware wallet from Ledger or Trezor) rather than keeping it on Coinbase, which is an online exchange.

Benefits of Buying Hedera on Coinbase:

• User-Friendly Interface: Coinbase’s intuitive design makes it accessible for newcomers.
• High Security: Coinbase employs industry-leading security measures such as two-factor authentication (2FA) and insurance for funds stored in the Coinbase Vault.
• Multiple Payment Methods: Coinbase supports several payment options, including bank transfers, credit cards, and PayPal.

Buy Hedera on Binance

Binance, one of the largest and most widely used cryptocurrency exchanges, is known for its robust security and easy-to-use platform. Previously, it wasn’t possible to buy Hedera (HBAR) directly with Euros (EUR) or US Dollars (USD) on Binance, but now, it’s easier than ever to purchase Hedera with a credit card or trade other cryptocurrencies for HBAR. In this guide, we’ll walk you through both methods!

Step 1: Register on Binance

Binance offers the option to verify your identity, although it’s not mandatory. Completing the verification process will increase your daily withdrawal limit to 100 HBAR. Without verification, your daily withdrawal limit is set to 2 HBAR, but you can still access all the other features of the platform.

Step 2: Buy Hedera with a Credit Card

To buy Hedera using a credit card on Binance, follow these steps:

1. Navigate to the Credit Card Section: In the top menu, click “Buy Crypto” and select “Buy with Credit Card.”
2. Select Your Payment Currency: Choose Hedera (HBAR) as your cryptocurrency and select your payment currency (Euro or USD).
3. Enter Your Personal Information: Complete the required fields with your details.
4. Verify Email and Phone Number: You’ll need to verify both your email and phone number through a code.
5. Proceed to Payment: After verification, click “Next” to input your credit card details.
6. Upload ID for Verification: To finish, upload a clear image of the front and back of your passport for identity verification.

Important Notes Before and After Your Purchase

• Hedera Price Fluctuations: The amount of Hedera shown is based on the current market price, which may fluctuate. If the rate changes by more than ±2.5%, you’ll need to confirm the transaction again via email from Simplex, Binance’s third-party payment provider.
• Transaction Fees: Simplex charges a fee of 3.5% per transaction or USD 10, whichever is higher.
• Transaction Limits: The daily purchase limit is USD 20,000, with a monthly limit of USD 50,000. The minimum purchase amount is USD 50.
• Track Payment Status: After completing your purchase, you can check your payment status and deposit history through Simplex.

Step 3: How to Trade Hedera on Binance

If you already own other cryptocurrencies such as Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), or Tether (USDT), you can deposit them into your Binance account and trade them for Hedera (HBAR). Here’s how to exchange Ethereum (ETH) for Hedera (HBAR):

1. Deposit Ethereum (ETH): If you have Ethereum (ETH) in another exchange or wallet, you can transfer it directly to your Binance Ethereum wallet. If you don’t own Ethereum, you can buy it on platforms like Litebit and use your Binance Ethereum wallet address for a seamless transfer.
2. Access the Deposit Section: Once logged in, click on “Funds” in the navigation bar and then select “Deposit.”
3. Find Your Ethereum Wallet Address: In the search box, type “ETH” and select “Ethereum” from the list. You’ll be given a unique Ethereum wallet address for transferring ETH to Binance.
4. Exchange Ethereum for Hedera: Once your Ethereum deposit is confirmed, head to the “Markets” tab, select “ETH/HBAR,” and place your order to exchange Ethereum for Hedera.

Additional Trading Tips

• Leverage Trading: Binance also offers margin trading, which allows advanced users to trade with leverage, amplifying potential profits (with increased risk). Make sure you fully understand leverage before using it.
• Security: For added security, activate two-factor authentication (2FA) on your Binance account. Binance also stores crypto funds in cold storage and provides insurance coverage for major losses.

Buy Hedera on Kraken

Kraken is a regulated crypto custodian with licenses across various jurisdictions globally. Kraken, a trusted name in the cryptocurrency space, adheres to stringent security standards and is regulated by financial authorities, ensuring the safety of your assets. It is widely recognized by institutional investors and major financial entities for the custody of cryptocurrencies, which further underscores the high level of security Kraken offers.

Kraken allows the use of external wallets, but it also provides a highly secure environment for storing your Hedera (HBAR). Unlike some platforms, Kraken processes withdrawals swiftly, ensuring you can access your funds without unnecessary delays.

When it comes to cost-effectiveness, Kraken’s fees are highly competitive. The platform employs a tiered fee structure, with the lowest fees reaching 0.16% for makers and 0.26% for takers, which is notably lower than many competitors in the market.

User security is a top priority at Kraken, with advanced features like two-factor authentication (2FA) and encryption to protect your account. Kraken’s customer support is responsive and typically offers quick assistance whenever you need it.

Kraken is designed to cater to both novice and experienced traders, providing an intuitive interface. The platform also offers mobile apps for both Android and iOS, enabling you to manage your Hedera portfolio and execute trades on the go.

Kraken is one of the most secure and trusted platforms for buying Hedera (HBAR). Here’s how you can buy Hedera securely and efficiently on Kraken.

Step 1: Sign Up for Kraken

To start buying Hedera, create an account on Kraken. Visit Kraken.com and click on “Create Account.” You’ll be prompted to enter your name, email, and create a secure password. After completing this, click “Create Account.”

Step 2: Verify Your Identity

Kraken requires identity verification to comply with financial regulations. You’ll need to upload a government-issued ID and provide personal information such as your address and date of birth. This process is essential for security purposes and typically takes just a few minutes.

Step 3: Add a Payment Method

To buy Hedera (HBAR), you must link a payment method. Kraken supports several options:

• Bank Account: For lower fees and higher transaction limits.
• Credit or Debit Card: Ideal for faster purchases, though fees tend to be slightly higher than bank transfers.
• Wire Transfers: For larger purchases, Kraken supports wire transfers in various countries.

Step 4: Buy Hedera (HBAR)

Once your account is set up and a payment method is linked, you’re ready to buy Hedera!

• On the Kraken dashboard, navigate to the “Buy Crypto” section.
• Select Hedera (HBAR) from the list of available cryptocurrencies.
• Enter the amount of Hedera you’d like to purchase, either in your local currency (e.g., USD, EUR) or in HBAR.
• Choose your payment method (e.g., bank account, debit card).
• Review the transaction details, including any fees, and click “Buy Now” to finalize your purchase.

Step 5: Store Your Hedera Securely

After purchasing Hedera, it will be stored in your Kraken wallet. For enhanced security, it’s recommended to transfer your Hedera to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than keeping it on Kraken, which is an online exchange.

Benefits of Buying Hedera on Kraken:

• User-Friendly Interface: Kraken is known for its clear and easy-to-navigate design, making it simple for both beginners and experienced users.
• High Security: Kraken employs top-tier security measures such as two-factor authentication (2FA) and provides insurance for funds held in its vault.
• Competitive Fees: Kraken offers low, competitive fees, making it an excellent choice for both small and large transactions.
• Multiple Payment Options: Kraken supports a variety of payment methods, including bank transfers, credit cards, and wire transfers, to suit different user preferences.

Buy Hedera on Kriptomat

About Kriptomat

In contrast to established brokers like eToro, Kriptomat is a newer cryptocurrency exchange, but it is no less trustworthy. On Kriptomat, you can directly buy over 30 cryptocurrencies, including Hedera (HBAR), using Euros, USD, and other fiat currencies. You can also send your purchased Hedera directly to an external wallet. However, it’s important to note that Kriptomat’s services are currently limited to Europe, meaning investors from regions such as the USA are not yet able to use the platform.

The platform focuses on a user-friendly and modern interface that makes buying and trading cryptocurrencies easy for anyone. For beginners, Kriptomat is a top recommendation, thanks to its intuitive design. As for its legitimacy, Kriptomat holds two licenses from the Estonian government, reinforcing its trustworthiness.

One of Kriptomat’s standout advantages is its fee structure. Unlike many other exchanges and brokers, Kriptomat does not charge a premium price on your purchase. The price you pay matches the current spot price of Hedera. Kriptomat only charges a nominal fee for each transaction, with all fees transparently displayed during the transaction process. Below are the details of the deposit fees:

Set up a Hedera account on Kriptomat

First, it’s important to know that Kriptomat adheres closely to the legal requirements set by the European Union, meaning it requires complete identity verification. To buy Hedera (HBAR) on Kriptomat, you must first create an account. Visit the official website kriptomat.io and click on the orange “Register” button. This will open a pop-up window where you’ll enter your first and last name, email address, and a secure password.

Kriptomat will send you an email with a confirmation link. Click on the link to verify your account. Once this is done, you can log in to your Kriptomat account using the credentials you just set up. However, you aren’t done with registration yet.

Before you can purchase Hedera and use the platform, you’ll need to enter and verify your phone number. Kriptomat will send you an SMS with a verification code, which you’ll need to enter on the website. After this step, the registration process is still not complete. Due to strict EU guidelines, you’ll need to provide full identity verification. To begin this process, simply click on the relevant prompt (see screenshot).

A new pop-up will appear where you must enter your address (street, house number, city, country). Additionally, you will need to upload a photo or scan of your passport or ID card. Kriptomat provides an easy and quick solution for this. You can continue the registration process from your smartphone. Simply click on the link, and Kriptomat will send you an SMS with a link to continue the process.

Using your smartphone, you can take a photo of your ID (front and back) and upload it immediately. The same applies to the final step. To verify your identity, Kriptomat will request a selfie from you. You can allow Kriptomat to access your smartphone’s camera and take a selfie directly.

If you plan to buy cryptocurrencies via SEPA bank transfer, you’ll also need to add a bank account to your Kriptomat account in the last step. Once your bank account is added, you can deposit funds via SEPA and use the balance to buy Hedera (HBAR) and other cryptocurrencies. If you’re using Neteller, Skrill, or your credit card, this step isn’t necessary. After completing the registration process, you will be granted full access, with no further verification levels required.

Buy Hedera on Kriptomat

Buying Hedera on Kriptomat is simple and intuitive. First, go to the “Buy/Sell” tab (step 1), then click on the “Buy” option (step 2). The now visible area below will allow you to select Hedera (HBAR) to purchase.

Next, you’ll choose from four different payment methods (step 3). If you want to deposit via SEPA bank transfer, you’ll need to add a bank account to your Kriptomat account. For instant purchases, you can use a credit card, Neteller, or Skrill without additional data entry.

In step 4 (see screenshot), simply enter the amount of Hedera (HBAR) you wish to buy. After clicking “Buy Hedera,” the transaction fees for the order will be displayed. To complete the purchase, click “Confirm transaction.”

Kriptomat will then confirm your purchase and redirect you to the “My Wallet” section. Within seconds, your purchased Hedera (HBAR) will appear in your wallet. A helpful summary of the purchase process is also available in the following video tutorial:

Buy Hedera at Anycoin

Anycoin is a well-known cryptocurrency exchange platform that offers a straightforward and secure way to buy and sell Hedera (HBAR) and other cryptocurrencies. Whether you’re a beginner or an experienced trader, Anycoin provides an intuitive interface and several features that make crypto trading easier and more secure.

Key Features of Anycoin:

1. User-Friendly Interface: Anycoin features a clean and easy-to-use platform that is perfect for new users while still providing advanced tools for experienced traders.
2. Wide Selection of Cryptocurrencies: Anycoin supports a variety of cryptocurrencies, including Hedera (HBAR), Bitcoin (BTC), Ethereum (ETH), and more, allowing you to diversify your portfolio easily.
3. High Security Standards: Anycoin takes security seriously with two-factor authentication (2FA) and SSL encryption to protect your account and transactions. This ensures that your crypto holdings are safe from external threats.
4. Low Fees: Anycoin offers competitive fees for trading and transactions, making it an appealing choice for users looking to minimize costs.
5. Multiple Payment Methods: You can purchase cryptocurrencies using various payment methods, including bank transfers, credit cards, and sometimes PayPal, depending on your location.
6. Fast Transactions: Anycoin processes transactions quickly, allowing you to buy cryptocurrencies without delays. This quick access to funds is particularly beneficial for traders looking to act quickly in a volatile market.
7. Support for Wallets: While Anycoin provides its own wallet for storing your crypto assets, it’s recommended to use your own personal wallet, such as a hardware wallet, for added security.
8. Dedicated Customer Support: Anycoin offers customer support to help resolve any issues or answer questions that may arise during your time on the platform.
9. Mobile Apps: Anycoin has apps available for both Android and iOS devices, making it easy to manage your portfolio and execute trades from anywhere.

How to Buy Hedera (HBAR) on Anycoin:

1. Create an Account: Go to the Anycoin website and click on “Sign Up.” Enter your name, email address, and create a password. You’ll receive a verification email to confirm your account.
2. Verify Your Identity: Anycoin requires you to complete a verification process to comply with regulations. This may involve submitting a government-issued ID and some personal details.
3. Link a Payment Method: To purchase Hedera, link a payment method to your account. Anycoin supports various payment options such as bank transfers, credit cards, and PayPal.
4. Make Your Purchase: Once your account is verified and your payment method is linked, go to the “Buy” section, select Hedera (HBAR), and enter the amount you wish to purchase. Review the transaction details and fees, then complete your purchase.
5. Store Your Hedera Securely: After buying Hedera, it will be stored in your Anycoin wallet. For added security, it is recommended to transfer your crypto to a personal wallet, such as a hardware wallet, for safe storage.

Benefits of Using Anycoin:

• Simple and Easy to Use: Anycoin’s user-friendly interface makes it easy for anyone to start trading cryptocurrencies, even if you’re a beginner.
• Secure Platform: The platform provides top-tier security with features like two-factor authentication (2FA) and SSL encryption to protect your funds.
• Wide Variety of Cryptocurrencies: Anycoin supports Hedera (HBAR) and other major cryptocurrencies, giving you the flexibility to diversify your crypto portfolio.
• Low Transaction Fees: Anycoin offers low fees for trades and transactions, making it a cost-effective option for crypto enthusiasts.
• Fast Transactions: The platform processes transactions quickly, so you can access your purchased assets in no time.

Buy Hedera at ByBit

Bybit is a widely recognized cryptocurrency exchange platform, known for its advanced features and high liquidity. Primarily used by experienced traders, Bybit specializes in digital assets such as Hedera (HBAR), Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. The platform is especially favored for its margin and derivatives trading, offering a wide range of tools and fast execution speeds for traders looking to leverage their positions in the market.

Key Features of Bybit:

1. Advanced Trading Tools: Bybit offers a comprehensive set of tools for traders, including spot trading, margin trading, and futures contracts. The platform also includes advanced charting and technical analysis tools, enabling traders to make informed decisions when buying or selling Hedera (HBAR) and other assets.
2. High Liquidity: Bybit is known for its high liquidity, making it a reliable platform for executing large trades without significant slippage. This is crucial for traders who are active in volatile markets, such as those trading Hedera.
3. Leverage Trading: Bybit provides leverage trading, allowing users to amplify their positions and increase potential profits. However, leverage carries higher risks, so it should be used carefully and strategically.
4. User-Friendly Interface: Despite its advanced trading features, Bybit offers a clean, intuitive interface that is accessible to both beginners and experienced traders, ensuring that users can navigate the platform with ease.
5. Security Features: Bybit prioritizes the safety of user funds with strong security measures, including two-factor authentication (2FA), cold storage for crypto assets, and an insurance fund to cover potential losses during extreme market conditions.
6. Mobile App: Bybit provides mobile apps for both Android and iOS, allowing traders to monitor and manage their Hedera holdings and execute trades on the go, with many of the same features available on the desktop platform.
7. Fast Transactions: Bybit is known for its fast transaction speeds, ensuring quick order execution, which is crucial for traders in fast-moving markets like those involving Hedera (HBAR).
8. Referral Program: Bybit features a referral program that lets users earn rewards by inviting others to join the platform. This is a great way for users to grow the community and earn additional income while trading Hedera and other assets.
9. Customer Support: Bybit offers 24/7 customer support, providing assistance through live chat, email, and other channels to resolve any issues that may arise during your trading experience.

How to Buy Hedera (HBAR) on Bybit:

1. Create an Account: Visit the Bybit website and click “Sign Up.” Enter your email address and create a secure password. Once registered, you will receive a verification email to activate your account.
2. Verify Your Identity: Bybit may require you to complete a KYC (Know Your Customer) verification process to comply with regulatory standards. This involves submitting a government-issued ID and providing personal information for identity verification.
3. Deposit Funds: Once your account is set up, fund it by depositing Hedera (HBAR), Bitcoin (BTC), Ethereum (ETH), or USDT (Tether). You can deposit these assets directly into your Bybit wallet.
4. Buy Hedera (HBAR): To buy Hedera on Bybit:
   • Navigate to the “Spot” trading section on the platform.
   • Select Hedera (HBAR) as the cryptocurrency you wish to purchase.
   • Choose your trading pair (e.g., HBAR/USDT).
   • Enter the amount of Hedera you want to purchase and review the transaction details.
   • Confirm the purchase to complete the transaction.
5. Store Your Hedera (HBAR): After purchasing Hedera, it will be stored in your Bybit wallet. For added security, consider transferring your Hedera to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), instead of keeping it on the exchange.

Benefits of Using Bybit:

• Advanced Trading Options: Bybit is perfect for traders who are looking to leverage advanced features like margin trading, futures, and a wide range of crypto assets, including Hedera (HBAR).
• Fast Execution and High Liquidity: Bybit offers rapid order execution and deep liquidity, crucial for traders who need to make fast moves in volatile markets like Hedera trading.
• Security: Bybit focuses on security with features like two-factor authentication (2FA), cold storage for assets, and an insurance fund to cover any potential losses.
• Mobile Trading: Bybit’s mobile apps make it easy for users to manage their Hedera portfolio and execute trades from anywhere, even on the go.
• Competitive Fees: Bybit offers competitive trading fees, making it a great option for traders who want to minimize costs while trading Hedera and other assets.
• 24/7 Support: Bybit provides round-the-clock customer support to help users with any issues or concerns they may have during their trading experience.

Best Hedera wallet: Electrum

When using a desktop wallet, we have had excellent experiences with the Hedera Electrum Wallet. Below is a brief guide on how to download and use it for storing Hedera (HBAR).

Step 1: Download the Wallet

First, go to the official website and download the wallet. Click on the link to visit the site where you can download the wallet. Once there, scroll down and click on the button Download Electrum.

Now, you’ll land on a page where you must choose the correct wallet version based on your operating system. If you’re using Windows, download the version for Windows. For example, Windows users should click on Windows Installer (see red arrow in the image). If you want the app for Android, select that installer accordingly.

Step 2: Install the Wallet

Once the file is downloaded, click on the setup file. Select a directory where you’d like the wallet to be installed and click Install. The installation should take just a couple of minutes. Once it’s done, click Close.

Congratulations! The wallet is now installed. Start the Hedera Electrum Wallet by double-clicking the Electrum icon on your desktop. The software will ask you how you’d like to connect to a server. For beginners, we recommend selecting Auto connect.

Step 3: Set Up Your Wallet

Electrum will detect that you haven’t yet created a wallet. At this point, simply click Continue and assign a name to your wallet if you’d like. You’ll then be able to set up different types of wallets. If you find the setup process challenging, we recommend choosing the Standard wallet, which is free and works perfectly for most users.

Alternatively, you can set up a Wallet with two-factor authentication for extra security. To use this option, you’ll need a smartphone and the Google Authenticator app, available on both the App Store and Google Playstore. While this setup option has a small fee, it greatly increases the security of your wallet.

Once you click Next, a new seed phrase will be generated. The seed is a series of 12 words that serve as a backup to recover your wallet if you lose your password or your computer crashes. It’s crucial to write down the seed somewhere safe, preferably on a piece of paper that you can store securely.

In the next step, you’ll be asked to enter the seed again to confirm it. After that, Electrum will prompt you to create a password. The longer the password, the better. Use a mix of numbers, letters, and special characters to enhance security. Keep this password safe, as you’ll use it every time you access your wallet.

Step 4: Receive Hedera (HBAR)

Now, you’re ready to use your wallet. To receive Hedera, locate your Receiving Address in the upper right corner under the Receive tab. Copy this address and use it as the “Receiving Address” when purchasing Hedera from exchanges like Litebit or any other platform.

Once you’ve entered the address, select your payment method on the exchange and complete the purchase. Generally, the transaction should appear in your wallet within 24 hours.

If you have any questions or need assistance, feel free to leave a comment—we’ll be happy to help!